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Is it Worth Installing Solar Panels?

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We all get a sense of fright while scanning through the electricity bill. In fact, at back-of-the-mind, we all hope the digits to be magically lesser in numbers than the previous ones. But that never happens, and our hopes only go the despair!

Well, everyone wants to reduce down the money they spent on electricity. However, only a few get into action and opt for alternative solutions. And those who are using the alternative solutions are definitely the ones who are harnessing the power of solar energy, to its fullest.

‘Is it worth installing a solar panel?’ might cross your mind, and can perhaps leave you bewildered. Here we are- to help you sort out with your queries and to help you understand the ‘power’ and ‘worth’ of solar energy.

Solar power can be harnessed and converted to usable energy using photovoltaic or solar thermal collectors. Although solar energy only accounts for a small amount of overall global energy use, the cost of installing solar panels is so affordable which means that more and more people from different regions can take advantage of solar energy.

The main benefit of solar energy is that it does not produce any pollutants and is one of the cleanest sources of energy. It is a renewable source of energy, requires low maintenance and is easy to install.

Related Read: 5 Benefits of Solar Energy to the Environment

Is it worth installing a solar system compared to electricity?

Hydroelectric and thermal power plants are the main source of electricity in India. Perhaps, the production comes at the cost of consuming a lot of non-renewable energy like- coal, gas, oil, etc. If solar panels are compared to the conventional way of producing electricity, they have a great advantage over the former. They can give a long time energy solution for many of our daily requirements. Research says that a rooftop solar panel reduces greenhouse gas emissions and lowers electricity costs. And we couldn’t agree more!

Below listed are the features of having solar panels installed at home. The features- that will explain how installing solar panels can be light and easy in your pocket!

1. Drastic reduction in electricity bill

As the benefits of putting solar panels today will carry forward to the next 25 years, any solar investment in your home will immediately increase the valuation of your home. With IRR’s of 9% and above from smaller systems to 20% on bigger systems, the payback periods on your investments could be from 5 years to 9 years.

2. Guaranteed performance:

Solar panel manufacturers include 20-to-25 years warranty (also known as a performance guarantee) with their solar panels. The industry standard ensures 80% performance after 25 years.

The real lifespan of solar panels is much longer – your solar panels will likely generate a good amount of electricity 30-40 years down the line.

3. Reduce the heat trap to your home:

A study published in Solar Journal found out that the direct roof is 5 degrees Fahrenheit cooler under solar panels than under an open terrace.

How much does the solar panel system cost?

The cost of buying a solar panel depends on the company you choose to buy from. Moreover, installation cost varies from company to company.

While less-pricey solar panels might feel like the easiest way to save some cash, your total 20-year savings will often be higher if you invest in good-quality equipment. It’s worth taking some time to review all of your equipment options and find the right combination of price and quality for your home. Don’t forget to research the solar incentives and rebates available where you live; they can reduce your net cost by 50 % or even more. 

Bottom line:

Solar panels are one of the best return-on-investment one can choose to opt for. It is a well-thought-of plan to save your money, loads of money!

Contact us today to get a free solar panel installation quote or call us at +91 772-199-4477.

 

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